9. Mortgage Reducing Term Insurance (ie. think of it as a life insurance for your home loan) = RM1,000 or more (some banks waive this amount)

10. Government Tax on Agreements = 6% of total lawyer fees

11. Bank processing fee for loan = RM200

*Note: The percentages are based on recommended numbers and industry averages. Actual figures may differ.

To put things into perspective, a home valued at RM400,000 with 90% margin of financing comes close to about RM20,000 in fees and charges – which will have to be borne by you, the buyer. Now consider this: do you have the money to make it happen?

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All information from ck5354 Blog is for education, self improvement and personal use purposes only, NOT RECOMMENDATIONS. Kindly ask your remisier or dealer representative before making any orders, trade at your own risk! ********************************************************************************************************************************************************************